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Gets $101,600 per Room |
 New
York, NY � May 16, 2003 � The 124-room Days Inn Historic District in Charleston,
South Carolina, was recently sold by an institutional investor to private
investor M & M, LLC in a transaction valued at approximately $12.6
million. Insignia/ESG Hotel Partners was the owner�s exclusive representative
in this sale. Dipan Patel and Robert Taylor, senior managing directors
of Insignia, oversaw the marketing and disposition of the asset.
The two-story, exterior-corridor Days Inn was built in 1961. The hotel � at 155 Meeting Street � is located two blocks from City Market and in the center of the main retail district. Charleston is one of top Southeast tourist destinations. Insignia/ESG Hotel Partners is a leading full-service real estate group focused exclusively on the hospitality industry. |
| Contact:
Kurt Lindsey Communications Manager Insignia/ESG Hotel Partners 200 Park Avenue, New York, NY 10166 Direct Phone: 212/984-8216 Email: [email protected] |
| Also See: | Bluegreen Acquires The Lodge Alley Inn in Charleston SC; Will Convert to Time-Share / Sept 1998 |
| Historic Francis Marion Hotel, Charleston SC, Reflagged Westin / Aug 1998 |